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Madrona backs WaFd Bank spinout developing consumer software for regional banks

GeekWire

(Archway Photo) Key Takeaways Archway , spun out of Washington Federal (WaFd), provides digital banking infrastructure to regional banks. The Seattle-area startup raised $15 million in a round co-led by WaFd Bank and Madrona Venture Group. The goal is to help community banks stay competitive with giants like J.P

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JPMorgan says Tesla owes the bank $162 million

The Verge

JPMorgan has sued Tesla, claiming that the electric car company owes the bank $162 million related to a 2014 stock warrant agreement. If something like that were to come along, the bank and the automaker were able to agree on a new strike price for the warrants. Illustration by Alex Castro / The Verge. Which brings us to the tweet.

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Amazon donates $1.5M to support Seattle-area hunger relief efforts through four organizations

GeekWire

A rendering of the new Ballard Food Bank under construction in Seattle. Ballard Food Bank Image). The recipients of new funding include: Ballard Food Bank : Amazon is giving the organization in the Ballard neighborhood $750,000. Amazon announced Tuesday that it is donating more than $1.5

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McKinsey report details how hybrid work is ‘here to stay’ and the ripple effects on real estate

GeekWire

banks, particularly community or regional banks. A survey by S&P Global showed that most top office lenders upped their exposure last year, but nine out of 17 banks with office loans of at least $400 million reduced their quarter-over-quarter exposure in the fourth quarter due to weakened demand and macroeconomic conditions.

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NY regulation aims to raise bank security standards

Network World

Under the new regulations, banks and insurance companies doing business in New York State will need to establish a cybersecurity program, appoint a Chief Information Security Officer and monitor the cybersecurity policies of their business partners. Andrew Cuomo, this is the first such regulation in the country.

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Seattle-area office market ‘clearly struggling’ and ‘highly volatile’

GeekWire

The Space Needle disappears behind the Seattle grey as construction continues in the South Lake Union neighborhood. The report from Kidder Mathews cited inflation and rising interest rates as additional headwinds for the commercial real estate industry, which is facing increasing scrutiny following recent bank failures.

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Will enterprises soon keep their best gen AI use cases under wraps?

CIO Business Intelligence

“Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change. The new ads were created very quickly,” says Banks. There’s no way they’ll let the rest of the world in on that.”